John Ginsburg of Houston, Texas, a stockbroker registered with Principal Securities Inc., has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ginsburg falsified customer documents when he was associated with Principal Securities Inc. Letter of Acceptance, Waiver, and Consent No. 2020068747501…
John Michael Krohn (also known as John Micheal Krohn) of West Des Moines, Iowa, a stockbroker formerly registered with Principal Securities Inc., is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $250,000.00 in damages based upon allegations of Principal Securities’ failure to supervise Krohn, in connection with the…
Peter J. Fetherston of New York, New York, a stockbroker formerly registered with Principal Securities Inc., has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint that alleges Fetherston’s misappropriation and conversion of funds belonging to two customers of Principal Securities. Department of Enforcement v. Peter J. Fetherston, Disciplinary Proceeding No. 2020065396501 (May…
Christopher Thomas Hildebrandt, of Cape May Court House, New Jersey, a stockbroker formerly registered with Principal Securities Inc., is referenced in a customer initiated investment related written complaint on April 5, 2021, where the customer sought compensatory damages founded on allegations of Hildebrandt’s unsuitable recommendations of real estate investment trusts during the time that he was…
Robert Barnard of Las Cruces New Mexico a stockbroker formerly registered with Principal Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Barnard did not comply with FINRA’s instructions when he was under investigation for effecting unauthorized transactions while associated with Principal…
Christopher Thomas Hildebrandt of Cape May Court House New Jersey a stockbroker formerly employed by Principal Securities has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Hildebrandt altered documents to effect distributions and other transactions in customer accounts. Letter of Acceptance…
John Patrick Priebe of Waseca Minnesota a stockbroker formerly associated with Principal Securities Inc. has been discharged on October 28, 2019 supported by concerns that Priebe had engaged in bad sales practices relating to mutual fund and variable annuity products and that Priebe failed to provide information to Principal Securities regarding his involvement in those…
John Michael Krohn (also known as John Micheal Krohn) of West Des Moines Iowa a stockbroker formerly registered with Principal Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $10,000,000.00 in damages based upon accusations of Krohn having recommended or sold investments to the customer outside of…
Matthew Lee Geiser of Grand Island Nebraska a stockbroker formerly registered with Principal Securities Inc. is the subject of a customer initiated investment related complaint which has been settled for $63,653.28 in damages on January 22, 2018 founded on accusations that Geiser falsified information concerning the guaranteed returns of an annuity he sold to the…
Fred Shlesinger of Addison Texas a stockbroker formerly employed by Principal Securities Inc. is the subject of a customer initiated investment related complaint on October 14, 2018 regarding Shlesinger’s conduct where the customer sought damages estimated to exceed $5,000.00 based upon accusations that misrepresentations were made to the customer concerning the funding of a variable…
Brian Clark Johnson of Sioux City Iowa a stockbroker formerly employed by Principal Securities Inc. has been discharged on July 25, 2017 supported by Principal Securities’ allegations that Johnson violated the firm’s policy by altering a customer’s fixed-annuity forms. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on December 21, 2012, a customer…
Scott Alan Kimmel of Fort Worth Texas a stockbroker currently employed by Principal Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer alleged that Kimmel breached a fiduciary duty owed to the customer in reference to an employer stock options plan investment allocation. Financial Industry Regulatory Authority (FINRA)…
John Patrick Priebe of Waseca Minnesota a stockbroker currently registered with Principal Securities Inc. (also known as Princor Financial Services Corporation) is the subject of a customer initiated investment related arbitration claim where the customer sought $900,000.00 in damages based upon accusations that (1) Priebe executed mutual fund and options transactions in the customer’s account…
Bruce Edward Breeding of Malvern Pennsylvania a stockbroker formerly registered with Principal Securities Inc. is the subject of a customer initiated investment related written complaint on February 16, 2018 in which the customer requested $25,000.00 in damages based upon allegations that misrepresentations had been made concerning a variable universal life insurance policy purchased by the…
John Michael Krohn of West Des Moines Iowa a stockbroker formerly employed by Principal Securities Inc. has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in private securities transactions and outside business activities. Letter…
Robert Holmes Gunning of Fresno California a stockbroker formerly employed by Principal Securities Inc. has been terminated from employment on February 8, 2018 following the firm’s investigation into Gunning’s activities for possible excessive trading in customer accounts. FINRA Public Disclosure confirms that Gunning has been identified in two more customer initiated investment related disputes pertaining…
Bettye Clements Hays, of Mobile, Alabama, a stockbroker formerly registered with Principal Securities, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that she failed to provide FINRA with information about her business activities. FINRA Case No. 2017053749201 (June 6, 2017). FINRA Public Disclosure…
Fred Shlesinger, of Addison, Texas, a stockbroker registered with Principal Securities, Inc., is the subject of a customer initiated investment related written complaint on February 24, 2017, wherein the customer’s claim was based upon allegations that Shlesinger effected a rollover of the customer’s 401(k) into an annuity despite the transaction having been unsuitable for the…
Indra Ramsahai, of New York, New York, a stockbroker formerly registered with Aegis Capital Corp, has been named in a customer initiated investment related arbitration claim, which settled on July 18, 2016, for $90,000.00 in damages based upon allegations that Ramsahai churned the customer’s investment account and effected unsuitable leveraged exchange traded fund transactions. Financial…
Principal Securities Inc., headquartered in Des Moines, Iowa, has been censured and fined $125,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm failed to create and implement adequate supervision systems pertaining to consolidated reports. Letter of Acceptance, Waiver and Consent, No. 2015043589501 (Dec. 21, 2016). According to the AWC,…
Principal Securities, Inc., a broker-dealer headquartered in Des Moines, Iowa, was censured by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm excessively charged its customers through mutual funds transactions, and failed to implement adequately supervisory procedures and protocols to make sure that eligible mutual funds customers received sales charge waivers. Letter…